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Thread: SOXL - Semiconductors

  1. #1

    Default SOXL - Semiconductors

    Today's pullback in the $SOX (semiconductors) looks like a good opportunity to buy the semis

    I'm not crazy about the large head & shoulders, but the bull flag and strong support below makes it look like a good risk reward. I bought some SOXL @ 31.23 this morning. It's a 3X ETF. A stop would be below the 50-day EMA right now.

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.


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  3. #2

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    Default Re: SOXL - Semiconductors

    Everywhere one looks there are golden crosses - I'm getting giddy.

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  5. #3

    Default Re: SOXL - Semiconductors

    Quote Originally Posted by tsptalk View Post
    Today's pullback in the $SOX (semiconductors) looks like a good opportunity to buy the semis

    I'm not crazy about the large head & shoulders, but the bull flag and strong support below makes it look like a good risk reward. I bought some SOXL @ 31.23 this morning. It's a 3X ETF. A stop would be below the 50-day EMA right now.
    After being up near $34 a couple of days ago, I moved my stop to break even, and I was stopped out this morning @ 31.25. Rats! Decent gain lost.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  7. #4

    Default Re: SOXL - Semiconductors

    Looks like a good stop after a day like today Tom! Thanks for your insight, I read it way more often than I post.

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  9. #5

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    Default Re: SOXL - Semiconductors

    Good move getting out when you did. Support at 21. Not looking good for a leading indicator.

    FWIW, I follow 8-10 SOXL companies for insider transactions and it's been ugly the past 2 months. Nothing but outflows.

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  11. #6

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    Default Re: SOXL - Semiconductors

    Watching Semi's for a breakout to the upside. This index is a market leader. Numbers have been great, and demand for chips is immense.

    Reverse H&S with possible upside to 55-60.

    soxl4.png

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  13. #7

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    Default Re: SOXL - Semiconductors

    SMH has broken out to the upside. Bullish implications for entire market.

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  15. #8

    Default Re: SOXL - Semiconductors

    But there could be some short term digesting first, like we saw at other breakouts...

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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